Natwest shares jump after first quarter results as government continues to reduce stake Banking Natwest profits slumped in the first quarter of the year but stayed ahead of market expectations as it shrugged off the worst of the mortgage downturn to expand its lending book.
‘Existential crisis’: London Stock Exchange exodus tops £60bn after Darktrace deal London Stock Exchange A top investment bank has sounded the alarm and called on government to act today after a take-private deal for Darktrace took the total value of London Stock Exchange exits to north of £60bn.
Law firm mulls legal claim against Home REIT sister fund BUSINESS A law firm is considering bringing a legal claim against a Home REIT sister fund, which has collapsed in value and is being investigated by the Financial Conduct Authority (FCA), City A.M. has learned.
London Stock Exchange Group boss set for payday despite take-private boom April 25, 2024 The London Stock Exchange Group was dealt a bloody nose by investors today after a chunk of its shareholders voted to reject a pay rise for chief executive David Schwimmer.
John Neal: Why Lloyd’s of London ‘had to change’ April 25, 2024 John Neal has pushed Lloyd's of London through a major modernisation effort since 2018 as the City faces fears over its future
Schroders chief Peter Harrison set to retire next year April 24, 2024 The veteran chief of Schroders, Peter Harrison, is set to step down next year after eight years at the helm of the FTSE 100 funds group, the firm announced today.
Abrdn records rebound in flows as boss says cost-cutting is ‘on track’ April 24, 2024 Money manager Abrdn said its cost-cutting programme was “on track” today as its total funds under management ticked up in the first three months of the year ann the flow of cash into the firm rebounded.
Quilter: Wealth manager attracts surge of fresh cash as stock markets rebound April 24, 2024 Wealth manager Quilter has pushed up the amount of cash managed in its funds in the first three months of the year after a surge in fresh inflows and a rebound in global equity markets.
Proxy battle fails to erupt as investors wave through FTSE 350 payouts April 24, 2024 The battle over paypackets for London’s top bosses failed to materialise in the opening months of the year as investors snubbed proxy firms and waved through bigger salaries for executives, new data suggests.
M&S pension scheme faces hefty losses as FCA probes Home REIT sister fund April 24, 2024 The M&S pension scheme is facing huge potential losses after pumping cash into a Home REIT sister fund that is now under investigation by the Financial Conduct Authority (FCA), City A.M. can reveal.